FLE has successfully signed and closed the acquisition of the ca. 12,500 sqm DAFA warehouse and light production facility in Natolin (Grodzisk Mazowiecki Region), located in Warsaw logistic Zone II. The transaction was construed as a sale and long-term lease back. The price has not been disclosed. 

Industrial manufacturer giant JABIL expands its warehouse and production capacity in Hungary. The firm will get an extended production site at the regional city of Tiszaújváros in the Eastern part of the country. The large facility is being developed by the Hungarian company Infogroup.

TFG Asset Management, a company providing services to the owner of the building - GNT Ventures Gdańsk, has chosen Walter Herz as sole agent for the lease of space in CUBE Office Park complex, located at Pałubickiego Street in Gdańsk. The cooperation includes the commercialization of office buildings offering a total leasable area of over 19.7 thousand sqm.

According to the latest data from Cushman & Wakefield, the average retail vacancy rate in Poland’s largest cities currently stands at 3.5%, down by 1.2 pp year-on-year. More importantly, falls were recorded in six out of the eight largest cities, with the availability of retail space at the lowest in Kraków, Łódź and Szczecin. This suggests a gradual retail recovery in Poland, says Cushman & Wakefield. Meanwhile, as the market continues to stabilize, retail landlords should increasingly turn their focus onto diversifying their offer.

Vastint Poland is launching its first project in the Private Rented Sector (PRS). The Pastelowo estate will be built on Pastelowa Street in Poznań, in the immediate vicinity of the Business Garden complex. The development includes 255 apartments, which will be entirely for long-term rental. The project will be ready in early 2025, at which time the first contracts with future tenants are scheduled to be signed.

Romanian company Rock Development Holding has obtained the construction permit for its first five-star hotel in Poaiana Brașov which will attract an investment of €70 million.

While net industrial take-up is down compared to 12-18 months ago, we are seeing a large uptick in enquiries across CEE for strategic production spaces across the automotive, pharmaceuticals, and electric vehicle battery production sectors. James Fitzgerald, Director, Head of Industrial Agency at iO Partners Czechia talked to Property Forum about the main drivers of the CEE industrial market.

Globalworth has recorded a net operating income of €73.7 million in the first half of 2023, up by 5.6% compared to the same period of last year, while the development pipeline includes industrial projects in Romania and the refurbishment of mixed-use projects in Poland. 

Knight Frank Hungary has appointed Melinda Kovács as Associate Director. Specialized in office development and leasing transactions, she has a wide breadth of property knowledge, having gained experience throughout her career by working for international developers such as Skanska and Atenor as well as real estate advisory firms.

Consumer prices in Hungary were 17.6% higher on average in July 2023 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.3% on average, within which, however, clothing and footwear cost 1.4%, food 0.9% and consumer durables 0.5% less, the Hungarian Central Statistical Office (KSH) reports.